Burning Rock Biotech Ltd. (BNR) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Burning Rock Biotech Ltd. has announced a significant change to its American depositary shares (ADSs) structure, implementing a ratio adjustment from one ADS representing one Class A ordinary share to one ADS for ten Class A shares, effective May 15, 2024. This change will function similarly to a 1-for-10 reverse ADS split, with the company’s share price expected to increase proportionally. The adjustment is positioned to take place automatically for registered holders, with no action required from holders of uncertificated ADSs.
For further insights into BNR stock, check out TipRanks’ Stock Analysis page.